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Singapore construction sector may face long slowdown in medium term: Fitch
The sector will see growth weakening to 2.7% in 2020 and 0.5% in 2021 in real terms, due to poorer global economic outlook over the next few years
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Fiona Lam
Published Mon, Jul 15, 2019 · 09:50 PM
Singapore
SINGAPORE'S construction sector faces increasing risks of a protracted slowdown in growth in the medium term, due to the poorer global economic outlook over the next few years, Fitch Solutions Macro Research said in a report on Monday.
The sector will see growth weakening to 2.7 per cent in 2020 and 0.5 per cent in 2021 in real terms, Fitch said.
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